Tag: investing

I am looking for an upside move in GBPAUD. On the Daily chart, we can see there is a clear double top with liquidity past it.

To position long on the H1 timeframe, I want to see a break and retest of the green level. I will look to offset at the silver dashed line and re-enter if I see more compelling price action into my long bias.

There is no hard and fast stop or entry price, until I see what I want to see on the H1.

My first item on this week’s watchlist is a long trade in Gold. The 1330-1332 area looks promising for an upwards bounce, if we can make an arched return to it. As yet I’m unsure of where I want my target, likely around 1343. Stop would need to be 1326.5.